Carney to speak in Newcastle

Bank of England Governor Mark Carney is slated to deliver the keynote speech at FinanceCamp on Thursday. Given the uncertainty around Bank of England policy, it will be a top event. His speech is listed variously at 0940 GMT or 1000 GMT.

The text of the speech will be released, so that suggests it could have some market moving elements. On the flipside, the speech will be delivered via videolink, so that suggests it might be a dud.

The next Bank of England meeting is Aug 2 and the market is pricing in a 73.0% chance of a hike.